The Most Affordable Neighborhoods in Sturgeon Lake, MN by Home Value

 

Sturgeon Lake, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Sturgeon Lake area can be challenging. Home prices in Sturgeon Lake are now at a median cost of $212,110, lower than the Minnesota average of $269,934.

The average cost of rent is $1,063/mo in Sturgeon Lake, primarily driven by the current value of real estate in the Sturgeon Lake area. While nearly 38.64% of residents own their homes outright in Sturgeon Lake, 8.81% rent.

Housing affordability isn’t just about home prices, though. The average household income in Sturgeon Lake is $5,980 per month. Households that rent pay about 17.77% of their income on rent here. Sturgeon Lake's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.


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